A tassel is a hanging ornament consisting of a bundle of fringes (typically made of leather or synthetic material) gathered at the top by a round knob that usually hangs from a cord. Tassels are used as a decorative element on footwear and bags. In footwear, tassels are commonly placed at the top of the instep.
About Top Handle Bags:
Top handle bags are handbags intended to be carried from handles, or straps, that are attached at the top of the bag along the opening.